Coinbase To Suspend Binance USD $BUSD Trading By Mar. 13

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Summary:

Coinbase said that the Binance-branded stablecoin BUSD does not meet the listing standards on the major crypto exchange.
BUSD trading will be suspended on March 13, 2023, per an official tweet from the San Francisco-based company.
“BUSD funds will remain accessible to you,” said the exchange as withdrawals will continue.

Coinbase will discontinue trading support for the Binance-branded stablecoin BUSD by 12pm ET on Mar. 13, 2023.

On Monday, the San Francisco-based crypto exchange said BUSD does not meet “our listing standards.” Also, BUSD trading will be suspended across a basket of product options including Coinbase.com (Simple and Advanced Trade), Coinbase Pro, Coinbase Exchange, and Coinbase Prime.

We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent reviews, Coinbase will suspend trading for Binance USD (BUSD) on March 13, 2023, on or around 12pm ET.
— Coinbase Assets (@CoinbaseAssets) February 27, 2023

The news comes amid legal pressure from federal and state regulators on Paxos, a crypto trust company and the issuer of BUSD.

Source : Ethereum World News

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Source: https://coinotizia.com/coinbase-to-suspend-binance-usd-busd-trading-by-mar-13/